Based SPX6900 vs USDS

USDS (USDS) is 257475.7× the size of Based SPX6900 (SPX6900) by market capitalisation. Over the past 90 days, USDS is ahead by 26.5 percentage points (SPX6900 -26.5% against USDS +0.0%). Their daily returns move barely together (correlation 0.03 across 157 shared trading days). SPX6900 has been the more volatile of the two, at 106% annualised against USDS's 1%.

Correlation: 0.03
Size ratio: 1 : 257475.7
Ahead over 90 days: USDS

Based SPX6900SPX6900

$3.853e-5

24h: +8.06%
Market cap: $37,077
Volume 24h: $17
Volatility (ann.): 106%

USDSUSDS

$1.0015

24h: +0.00%
Market cap: $9.55B
Volume 24h: $333.04M
Volatility (ann.): 1%

SPX6900 0.0%Share of the two combined market caps100.0% USDS

Performance

SPX6900USDS

7 days-0.83%+0.00%USDS
30 days-35.77%+0.07%USDS
90 days-26.50%+0.00%USDS

Correlation

0.03over 157 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1890d: -0.031y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	SPX6900	USDS
Max drawdown (400d)	-72.7%	-0.4%
Risk-adjusted return (90d)	-0.23	0.00

Relative strength over 90 days: USDS outperformed SPX6900 by 26.5% — measured on the SPX6900/USDS ratio, so it holds regardless of market direction.

Based SPX6900 →USDS →